Basic information

Property type: Private house

Address: Rīga, Stabu iela 111

Price: 630 000 EUR (642.86 EUR/m2)

Floors: 4

Area: 980.0 m2

Land area: 566.0 m2

Balcony: No

Object ID: RD184

Real estate tax: 950 EUR

Additional information

Investment object - two buildings, 4-floor facade building and 3-floor courtyard building.

Built in 1920.

The property consists of 18 apartments, of which 6 are one-room apartments and 12 are two-room apartments. 15 apartments are rented out and three 2 room apartments need renovations.

Building are installed with new communications, new electricity, plumbing and heating sistem.

Current year's return after real estate and income taxes is 7.5%. Future yield after renovation of three more apartments, based on realistic estimates, will be 8.8%.

There is a possibility to build a roof floor for the facade building, obtaining additional living space.

Contact information

Small rolands
Rolands Dišlers

Real Estate Adviser

+371 29111134

rolands@codoreal.com